Charles Schwab Investment Management Inc. Grows Position in The Kraft Heinz Company (NASDAQ:KHC)

Charles Schwab Investment Management Inc. raised its stake in shares of The Kraft Heinz Company (NASDAQ:KHC) by 3.1% in the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 4,577,285 shares of the company’s stock after purchasing an additional 137,169 shares during the period. Charles Schwab Investment Management Inc.’s holdings in Kraft Heinz were worth $169,268,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds also recently made changes to their positions in the company. FSC Wealth Advisors LLC lifted its holdings in shares of Kraft Heinz by 23.4% during the fourth quarter. FSC Wealth Advisors LLC now owns 1,424 shares of the company’s stock worth $53,000 after purchasing an additional 270 shares during the period. Archer Investment Corp boosted its holdings in shares of Kraft Heinz by 2.0% in the 4th quarter. Archer Investment Corp now owns 14,709 shares of the company’s stock valued at $544,000 after acquiring an additional 294 shares during the last quarter. Ingalls & Snyder LLC increased its stake in shares of Kraft Heinz by 3.1% in the fourth quarter. Ingalls & Snyder LLC now owns 10,005 shares of the company’s stock worth $370,000 after acquiring an additional 300 shares during the period. Econ Financial Services Corp raised its holdings in shares of Kraft Heinz by 0.6% during the third quarter. Econ Financial Services Corp now owns 53,310 shares of the company’s stock worth $1,793,000 after purchasing an additional 310 shares during the last quarter. Finally, Kennedy Investment Group lifted its position in Kraft Heinz by 1.1% during the fourth quarter. Kennedy Investment Group now owns 29,199 shares of the company’s stock valued at $1,080,000 after purchasing an additional 319 shares during the period. 78.17% of the stock is currently owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In related news, insider Lande Rashida La sold 10,140 shares of Kraft Heinz stock in a transaction on Monday, May 6th. The stock was sold at an average price of $35.95, for a total value of $364,533.00. Following the completion of the transaction, the insider now directly owns 158,266 shares in the company, valued at $5,689,662.70. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. 0.32% of the stock is owned by company insiders.

Wall Street Analysts Forecast Growth

Several equities analysts have recently issued reports on KHC shares. Citigroup started coverage on Kraft Heinz in a report on Thursday, February 1st. They issued a “buy” rating and a $43.00 price objective for the company. Wells Fargo & Company lowered their price objective on Kraft Heinz from $38.00 to $37.00 and set an “equal weight” rating on the stock in a research report on Thursday, February 15th. Bank of America raised their target price on Kraft Heinz from $40.00 to $42.00 and gave the company a “buy” rating in a research report on Monday, April 15th. Finally, Deutsche Bank Aktiengesellschaft lifted their price target on Kraft Heinz from $42.00 to $43.00 and gave the stock a “buy” rating in a report on Thursday, April 18th. Seven research analysts have rated the stock with a hold rating and five have given a buy rating to the company’s stock. Based on data from MarketBeat, the company presently has an average rating of “Hold” and a consensus price target of $39.50.

Kraft Heinz Stock Down 0.5 %

Kraft Heinz stock opened at $35.71 on Friday. The company has a market capitalization of $43.36 billion, a PE ratio of 15.59, a price-to-earnings-growth ratio of 2.91 and a beta of 0.65. The company has a debt-to-equity ratio of 0.40, a quick ratio of 0.61 and a current ratio of 1.09. The Kraft Heinz Company has a fifty-two week low of $30.68 and a fifty-two week high of $41.09. The firm has a 50 day moving average price of $36.35 and a 200 day moving average price of $35.90.

Kraft Heinz (NASDAQ:KHC) last posted its quarterly earnings data on Wednesday, May 1st. The company reported $0.69 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.68 by $0.01. Kraft Heinz had a return on equity of 7.41% and a net margin of 10.62%. The firm had revenue of $6.41 billion for the quarter, compared to the consensus estimate of $6.43 billion. During the same quarter in the previous year, the business earned $0.68 EPS. The company’s quarterly revenue was down 1.2% compared to the same quarter last year. Research analysts expect that The Kraft Heinz Company will post 3.02 earnings per share for the current year.

Kraft Heinz Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, June 28th. Investors of record on Thursday, June 6th will be issued a $0.40 dividend. This represents a $1.60 dividend on an annualized basis and a dividend yield of 4.48%. The ex-dividend date of this dividend is Thursday, June 6th. Kraft Heinz’s dividend payout ratio (DPR) is currently 69.87%.

Kraft Heinz Company Profile

The Kraft Heinz Company, together with its subsidiaries, manufactures and markets food and beverage products in North America and internationally. Its products include condiments and sauces, cheese and dairy products, meals, meats, refreshment beverages, coffee, and other grocery products under the Kraft, Oscar Mayer, Heinz, Philadelphia, Lunchables, Velveeta, Ore-Ida, Maxwell House, Kool-Aid, Jell-O, Heinz, ABC, Master, Quero, Kraft, Golden Circle, Wattie's, Pudliszki, and Plasmon brands.